7 things to consider before you buy health insurance

You should not buy any insurance without examine further what the benefits that you will get from the insurance company.

Let 2,3 insurance agents from different insurance companies come to you and compare all their insurance products and select the best for you.

Thus, you must buy your insurance policy carefully, read the insurance policy thoroughly and understand the coverage offered.


Here are some items that you should look for a medical insurance policy:

1. Limits
You should know what is the limit that you’re entitled to claim, and also annual claim limit. There certain medical procedures such as surgery and anesthesia that would make an insurance company to make a maximum limit.

2. Exclusion
Know what is the exclusion clause in your insurance policy.

3. Pre-existing conditions
You should insure yourself when you’re healthy. Most health & medical insurance company do not cover any pre-existing illness.

4. Renewal period
Could you renew your insurance every year? What is the maximum age which you’re allowed to renew the policy?

5. Is there any co-insurance & deductible?
Co-insurance means that you have to share the total medical cost incurred with the insurance company. Deductible means that you have to pay a certain minimal amount of the medical cost and the remaining will be paid by the insurance company.

6. The claim process?
What is the procedure to make a claim?

7. Cost of the insurance
First, you must ensure that the benefits are sufficient to meet your needs. Next, check whether you can afford the premium.